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Strategies & Market Trends : Waiting for the big Kahuna

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To: John Hunt who wrote (7149)	10/24/1997 12:24:00 PM
From: Bilow	Read Replies (1) of 94695

Well I sold my puts in TXN for a good profit. They had some bad news overnight, along with a downgrade on some of the other semiconductors, and gapped down pretty bad. I figure the dipsters haven't lost all their money on this one, and both it and the SOX are gonna rebound well. At that time I will reestablish puts. But my gut feeling is that now is the time to buy gold calls. -- Carl

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